- Custom Cabinets Inc. manufactures goods on a job order basis. During the month of November,...
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- Custom Cabinets Inc. manufactures goods on a job order basis. During the month of November, three jobs were started. (There was no work in process at the beginning of the month.) Jobs 401 and 402 were completed and sold for $14,500 and $19,000, respectively, during the month; Job 403 was still in process at the end of November. The following data are taken from the job cost sheets for each job. Factory overhead charges include a total of $900 of indirect materials and $600 of indirect labor. One work in process control account is used. Job 402 Job 403 Job 401 $3,200 $2,000 1,500 $3,800 Direct materials Direct labor 2,400 3,500 Factory overhead 1,250 2,000 850 Prepare a journal entry to record each of the following: Materials used a. b. Factory wages and salaries earned c. Factory Overhead transferred to Work in Process - Custom Cabinets Inc. manufactures goods on a job order basis. During the month of November, three jobs were started. (There was no work in process at the beginning of the month.) Jobs 401 and 402 were completed and sold for $14,500 and $19,000, respectively, during the month; Job 403 was still in process at the end of November. The following data are taken from the job cost sheets for each job. Factory overhead charges include a total of $900 of indirect materials and $600 of indirect labor. One work in process control account is used. Job 402 Job 403 Job 401 $3,200 $2,000 1,500 $3,800 Direct materials Direct labor 2,400 3,500 Factory overhead 1,250 2,000 850 Prepare a journal entry to record each of the following: Materials used a. b. Factory wages and salaries earned c. Factory Overhead transferred to Work in Process
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Related Book For
College Accounting A Practical Approach chapte
ISBN: 9780133791006
13th edition
Authors: Jeffrey Slater
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